The bill amends Section 39-31-10 of the Affordable Clean Energy Security Act to enhance the procurement process for offshore wind energy projects in Rhode Island. It establishes a collaborative framework between the electric distribution company and the Rhode Island office of energy resources to create a staggered procurement schedule aimed at securing approximately 1,200 megawatts of offshore wind capacity by March 30, 2029. The bill specifies that individual solicitations must seek proposals for no less than 400 megawatts of aggregate nameplate capacity and outlines the requirements for bidders, including prioritization of projects that provide employment and contracting opportunities for workers from disadvantaged communities, community benefits, and environmental mitigation efforts.

The electric distribution company is required to conduct one or more competitive solicitations through this staggered procurement schedule, with proposals subject to review by the electric distribution company and the office of energy resources. The bill mandates that the electric distribution company develop each request for proposals (RFP) and gives priority to projects that meet specific criteria, including providing economic benefits to the state, maximizing hiring of state residents, and offering ratepayer benefits.

Additionally, the bill outlines the process for contract negotiations, requiring that contracts be negotiated within sixteen months after the issuance of the solicitation, with a focus on ensuring mutual agreement on key items prior to finalization. The act aims to promote offshore wind development while ensuring equitable distribution of benefits among local communities and workers.

Statutes affected:
5816: 39-31-10